The Lightning Network was designed to improve the speed and efficiency of transactions on the Bitcoin network by allowing users to make transactions off-chain without the need for block confirmation on the blockchain.
What is the Lightning Network?
As a Layer 1 system, the core Bitcoin blockchain serves its purpose as intended: it’s a decentralized, immutable ledger system.
The Bitcoin network, as it exists now, can’t function as a payments system at a large scale, and it was never meant to.
One of the leading causes of the scalability problem is that each transaction must be verified by every node in the network, which requires a lot of computational power and bandwidth.
The Bitcoin network can only handle a certain number of transactions at once, making it take a long time for transactions to go through and impacting the price of fees.
Bitcoin has a frequently cited problem–scalability.
Cryptocurrencies have skyrocketed in price since their inception. Bitcoin reached an all time high of $65,000 (November, 2021) coming from as little as $222 in January, 2015.
The English translation is a literal one that tries to preserve the original word order and meaning of the Chinese sentence. The word “Way” is capitalized to indicate that it refers to a metaphysical concept of the ultimate truth or principle that governs the universe. The word “Heaven” is also capitalized to show that it is not just the sky, but the supreme power or authority that determines the fate of everything. The word “constant” means unchanging or eternal. So the sentence implies that there is a fixed and immutable order in the world that humans should follow and respect.
The great principle of the Way derives from Heaven. Heaven is constant, and so the Way is also constant.
There are two important concepts to crypto ecosystem architecture: decentralization and on-chain governance.
When artificial intelligence (AI), the internet of things (IoT), robotics, and cryptocurrency converge, the cluster of innovations create the possibility for something new — autonomous operations, or business processes that run themselves.
A blockchain is a system that allows people to exchange value without intermediaries. It has a set of rules that define how transactions are validated, recorded, and updated on a distributed ledger.
The rules of a blockchain are not fixed or imposed by a central authority. They are created and updated by the people who build and use the blockchain. There are two main ways that this can happen:
The code: The developers who create the software that runs the blockchain can write the initial rules and update them as needed. They can also propose changes to the code that require approval from other participants.
The governance: The users who hold tokens that represent value or rights on the blockchain can influence the direction and evolution of the system. They can vote on proposals, suggest improvements, or delegate their power to others.
These two methods can work together or separately depending on the design and purpose of each blockchain. Some blockchains have more centralized or decentralized governance than others.The goal is to create a system that is fair, transparent, secure, and efficient for all stakeholders.
Who Writes the Rules of a Blockchain?
As of December, ChatGPT had an estimated more than 100 million monthly active users. It’s attracted major media attention and spawned countless memes on social media. It’s been used to write hundreds of e-books in Amazon’s Kindle store. And it’s credited with co-authoring at least one scientific paper.
To call ChatGPT, the free text-generating AI developed by San Francisco-based startup OpenAI, a hit is a massive understatement.
OpenAI 的创办是为了成为一家开源、非盈利导向的公司，所以名字里面才带「Open」，目标是为了制衡Google。但它现在成了1 家由微软控制的闭源、追求利润最大化的公司，「根本与我的初衷背道而驰」。（马斯克）
@elonmusk
OpenAI was created as an open source (which is why I named it “Open” AI), non-profit company to serve as a counterweight to Google, but now it has become a closed source, maximum-profit company effectively controlled by Microsoft.
Not what I intended at all.
2023年2月17日
There are also different types of probabilities, such as independent events and conditional probabilities, which involve more advanced concepts. But, with a good understanding of the basic ideas we've covered here, you'll be well on your way to understanding how probability works.
Once we have an experiment, we can start to think about the possible outcomes. In the case of flipping a coin, there are two possible outcomes - heads or tails. For rolling a die, there are six possible outcomes - the numbers 1 through 6. For drawing a card from a deck, there are 52 possible outcomes (assuming a standard deck of cards).